A new business incubator is targeting Cambridge’s brightest fintech and agritech stars.

Incubyte gets up and running this week, and is offering start-ups and entrepreneurs a dedicated co-working environment where they can work and network with like-minded businesses.

It’s based in the atrium of the Stirling House building, at the Cambridge Innovation Park, Waterbeach, and is a joint venture between Paragon, which runs the property, and Rob Precious, a serial tech investor and business mentor

Rob Precious

Precious, who came up with the idea for Incubyte, said: “This is the ideal opportunity for us. Paragon have been looking for a partner to run an incubator in their stunning building on Cambridge Innovation Park and Incubyte was just at the perfect stage to take advantage of this.

“I’m really looking forward to working with Paragon, growing the business and creating a unique community of technology-focused, young Cambridge companies, ready to stand up on the world stage.

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“We already have a number of potential first cohort members in the pipeline, and we’re now ready to invite applications from start-up and scale-up businesses who would like to work in a nurturing and dynamic environment.”

Though all start-ups are welcome to apply for a place at Incubyte, Precious said he’s particularly keen to hear from businesses working in the growing agritech and fintech sectors.

Rick Parisi, managing director of Paragon, said: “Cambridge is continuing to attract tech start-ups, and with many of the business centres in the city full up, we have decided to use the atrium of our Stirling House to nurture a community of small and growing companies. We also have our new business centre, Blenheim House, completing construction later in the year that will give us even more space into which these growing businesses can expand.

“We’re pleased to have found the ideal partner with Incubyte. They have impressed us with their breadth of knowledge of the start-up industry, and with Rob’s experience of angel investing, fund raising, mentoring and exits we know the start-ups will be in capable hands.”